Thank you.
I'd like Mr. Weiler to clarify a bit further how a seller would provide the declaration, if you want to call it that, of the condition. You talked about many ways of doing this. I spent about 42 years in the boating industry, and there really is, probably, only one defensible way of declaring the condition of a boat, and that is through a proper marine survey. A marine survey can cost hundreds, if not thousands, of dollars, depending on the size of the vessel, and it's hundreds of dollars just for a small pleasure craft.
One way that they can look at a vessel is by determining moisture content in encapsulated wood that may be rotting—they have a number of ways like that. For a vessel that's nearing the end of its life, how do you propose that a vessel owner would provide that declaration of condition? Further to that, how would a seller verify that the purchaser would be qualified to maintain it? Would that require checking financial status, knowledge of vessel maintenance or vessel operation requirements? Please expand on that.